Aug, 04 2023 — If the total retail cost of your formulary medications is over $420 per month, you will exceed your
Medicare Part D plan's $5,030 Initial Coverage Limit and enter the Donut Hole or Coverage Gap
sometime in 2024.
Aug, 04 2023 — If the retail value of your formulary drug purchases are over $420, you will enter the 2024 Donut Hole and, you will receive a 75% discount for all formulary drugs while in the Coverage Gap.
May, 13 2023 — No. When looking at a Medicare Part D plan, there are two related numbers that
change every year:
(1) the total (or true) out-of-pocket cost (TrOOP) which is a measure of what a Part D benef . . .
Sep, 23 2022 — If the total retail cost of your formulary medications is over $389 per month, you will exceed your Medicare Part D plan's $4,660 Initial Coverage Limit and enter the Donut Hole or Coverage Gap sometime in 2023.
Sep, 23 2022 — If the retail value of your formulary drug purchases are over $389, you will enter the 2023 Donut Hole and, you will receive a 75% discount for all formulary drugs while in the Coverage Gap.
Jul, 29 2021 — If the retail value of your formulary drug purchases are over $370, you will enter the 2022 Donut Hole and, you will receive a 75% discount for all formulary drugs while in the Coverage Gap.
Jul, 13 2021 — If the total retail cost of your formulary medications is over $370 per month, you will exceed your Medicare Part D plan's $4,430 Initial Coverage Limit and enter the Donut Hole or Coverage Gap sometime in 2022.
Sep, 14 2020 — If the total retail cost of your formulary medications is over $345 per month, you will exceed your Medicare Part D plan's $4,130 Initial Coverage Limit and enter the Donut Hole or Coverage Gap sometime in 2021.
Sep, 07 2020 — We suggest you watch your actual out-of-pocket costs to determine when you exit the Donut Hole or Coverage Gap - what you are spending on formulary drugs - plus whatever anyone spends for you (such as . . .
Sep, 01 2020 — If the retail value of your formulary drug purchases are over $345, you will enter the 2021 Donut Hole and, as was true in 2020, you will receive a 75% discount for all formulary drugs while in the Coverage Gap.
Mar, 06 2020 — If the total retail cost of your formulary medications is over $335 per month, you will exceed your Medicare Part D plan's $4,020 Initial Coverage Limit and enter the Donut Hole or Coverage Gap sometime in 2020.
Sep, 04 2019 — The Donut Hole (or Coverage Gap) is a
term used to describe a "gap" or pause in your Medicare Part D prescription drug coverage where - prior to 2011 - you were 100% responsible for the cost of your . . .
Aug, 18 2019 — No. Your $5,100 total out-of-pocket spending limit
(2019 TrOOP)
only includes the portion of your $3,820
Initial Coverage Limit that you actually
paid. The portion paid for your medication . . .
Dec, 24 2018 — If your formulary medications have a total retail cost over $319 each month, you will exceed your Medicare Part D plan's $3,820 Initial Coverage Limit and enter the Donut Hole or Coverage Gap sometime in 2019.
Sep, 18 2018 — The 2019 standard Initial Coverage Limit (ICL) is $3,820.
The Initial Coverage Limit is the measured by the retail cost of your drug purchases and is used to determine when you leave your Medicare . . .
Sep, 17 2018 — The Donut Hole or Coverage Gap is a
term used to describe a gap or pause in your Medicare Part D prescription drug plan
or Medicare Advantage plan coverage where, prior to 2011, you were 100% respon . . .
May, 31 2018 — No. Your $5,000 total out-of-pocket spending limit
(2018 TrOOP) only includes the portion of your $3,750 Initial Coverage Limit that you actually
paid. The portion paid by your Medicare Part D . . .
May, 27 2018 — It depends. If you currently use Medicare Part D drugs with a
retail cost of over $750
per month, you may be in the 2018 Donut Hole or Coverage Gap by mid- to late-May.
While in the Donut
Hole, . . .
Feb, 18 2018 — If the retail cost of
your medications is over $313 each month, you will enter the 2018 Donut Hole or Coverage Gap.
As a reminder, you will enter your Medicare Part D prescription drug plan's Don . . .
Sep, 19 2017 — The Donut Hole or Coverage Gap is a
term used to describe a gap or pause in your Medicare Part D prescription drug plan
or Medicare Advantage plan coverage where, prior to 2011, you were 100% respon . . .